Oil-rich Guyana is spending so heavily and quickly on diversifying its economy that it’s on the cusp of becoming a “Norway on steroids,” according to President Irfaan Ali.

Liberia is a nation rich with natural resources including iron ore, gold, diamonds, natural rubber, vast forest for logging and timber harvesting, and vast agriculture land for ensuring food security.

Liberia is in the news as Chevron has announced plans to begin oil exploration there later this year. That has led to predictable (and quite reasonable) worries about the country succumbing to the ...

What does resource wealth, including oil, gas, and nonfuel minerals, mean for a country? Because minerals are crucial for meeting the soaring global demand for energy and industrial inputs, it has ...

International economics and international environmental studies have been recently preoccupied with the resource curse theory. This theory is based on data indicating that countries endowed with ...

Among the many frustrations in development, perhaps none looms larger than the “resource curse.” Perversely, the worst development outcomes—measured in poverty, inequality, and deprivation—are often ...